Introduction Crude Oil Futures (CL) dropped dramatically for five straight sessions last week. CL dropped a total of 10.5% from the high of Wednesday 5th in those five days. There was a support level at around $76 that was taken out which is likely what lead to the sharp decline but the story changed quickly. Read More…
Gold prices edged lower on Tuesday as the dollar rose to a four-week peak, making the yellow expensive and reducing demand. Investors were on the sidelines on Monday and Tuesday as they awaited Wednesday’s crucial inflation report and the Fed policy meeting. Markets have been preparing for this month’s inflation report since the last one Read More…
Introduction The Dow Jones futures (YM) have lagged behind the other indices in 2024. The industrial average has still put in some good gains, up 11% for the past year but only 2.9% YTD. The S&P 500 (ES) is up 22% for the past year. Do we think its time for the Dow to catch Read More…
Equities closed slightly higher on Monday amid caution ahead of the US consumer inflation report and the Fed policy meeting on Wednesday. This follows a drop on Friday as investors scaled back expectations for a September Fed cut after a positive employment report. The bullish momentum on Monday for the S&P 500 and the Nasdaq Read More…
Introduction Bitcoins’ huge bull run in 2024 may be coming to an end as the ‘digital gold’ daily chart may be looking at a very scary triple-top formation coupled with bearish divergence. 2024 Performance BTC is up 54% YTD and 160%, looking back on one year. This has followed the traditional cycle of a bull Read More…
Currency futures fell on Friday as the dollar rallied after the US jobs report revealed a still-tight labor market. Most major currencies fell against the greenback as investors scaled back expectations for the Fed’s rate cut. US job growth (Source: Bureau of Labor Statistics) Dollar bulls returned to the market on Friday, cheering a bigger-than-expected Read More…
